A trader who nailed the Bitcoin market top earlier this year believes that BTC will witness a period of falling prices in the coming months.
Pseudonym Analyst Bluntz tells his 318,000 followers on the social media platform X that he thinks Bitcoin is already in a bear market that will last for about two years.
The trader stock A graph that suggests that he arrived at that time frame by measuring the length of the most recent Bitcoin Bull market, which he says it took from December 2022 to January 2025.
“With regard to time, in my opinion will probably last, give or take 25%in 2027.”
He also predicts that Bitcoin can lose to 55% of the current value during the period of a persistent trend before he touches a bottom of a bear market.
When asked for his downward price objective for BTC, Bluntz answered“
“$ 36,000.”
At the time of writing, Bitcoin acts for $ 80.296.
While Bluntz Bearish is on Bitcoin, he is out One precious metal is about to start a bull run. Looking at the two-week graph of gold versus silver (xauusd/xagusd), the analyst thinks that the couple printed a large lower high after completing an ABC rally.
“Time to pay attention to silver, in my opinion … finally.”
Bluntz practices the Elliott golf theory, which states that a bullish is active to see a downtrend of five golf after closing an ABC rally. A bearish gold-versus silver graph suggests that silver is about to surpass gold.
Last week Gold printed a new all time at $ 3,167 per ounce.
At the time of writing, Silver acts for $ 30 per ounce.
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Generated image: dalle3
